_{True or False}

1- Providing information about the different business activities and economic environments in which a business operates is intended to help users of financial statements to better understand the enterprise's performance, assess prospects for future cash flows, adn make more informed judgements about the company.

2- All activities of a company can be classified into one or another operating segment.

3- In determining whether business activities and environments are similar for purposes of grouping the activities into segments, the standards specify five tests which the company must use as criteria. An activity must meet a majority of the tests to be combined into a segment.

4- Segment reporting requires companies to disclose what factors were used to identify each operating segment, along with the types of products and services from which the segment obtains its revenues.

5- Companies are required to always disclose revenues derived with external customers for each product or service when not reporting segment information based on differences in products or services.